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Thursday, June 15, 2017

From the Editor's DeskWhile portions of the 'natural resources' industry are getting disrupted by technology (aka the clean energy revolution), technology is also helping it survive! Automated haul trucks and drilling machines are being tested in mines across the world. Sensors at the tip of drill bits are measuring ore grade in real time, and data analytics is being used to discover new deposits of precious metals. In oil and gas, underwater robots fix gas pipelines off the coast and drones inspect offshore oil rigs. Crawling well-drilling machines drill multiple wells quickly and accurately one after another, thus increasing efficiency and lowering costs. These are just some of the many ways technology is transforming the demand and supply of resources. More here

Banks hoping for some help surprised by RBI's moveIndia's central bank said on Tuesday it has identified 12 of the largest loan defaulters and will order lenders to start bankruptcy proceedings against them to start unclogging the $150 billion in bad debt plaguing Asia's third-largest economy.

CCI approves GE-Baker Hughes' oil-gas business mergerFair trade regulator CCI has given its nod to the merger of oil and gas businesses of General Electric (GE) and Baker Hughes Incorporated (BHI). Last year, GE joined forces with BHI to create a USD 32 billion oil business. In a tweet, the

Reliance Jio spells big trouble for India's small telcosAs per report released by the Telecom Regulatory Authority of India (TRAI), Reliance Jio has added 3.9 million new users to its subscriber base in the month of April. The rival incumbent telecom operators like Bharti Airtel, Vodafone and Idea Cellular did not fare well in terms of wooing users.

Why Won't India Cut Rates?With a view to maintain price stability, while keeping in mind the objective of growth, the Reserve Bank of India Act, 1934 (RBI Act) has been amended by the Finance Act, 2016 to provide for a statutory and institutionalised framework for a Monetary Policy Committee (MPC).